Thurgauer Kantonalbank
Thurgauer Kantonalbank, often referred to as TKB, is a prominent financial institution headquartered in the picturesque region of Thurgau, Switzerland (CH). Established in 1868, TKB has evolved into a key player in the Swiss banking sector, primarily serving the cantonal area and surrounding regions. Specialising in retail banking, corporate finance, and wealth management, Thurgauer Kantonalbank offers a diverse range of products and services tailored to meet the needs of individuals and businesses alike. Its commitment to customer service and local expertise sets it apart in a competitive market. With a strong market position, TKB has consistently achieved notable milestones, including recognition for its financial stability and community engagement. As a trusted partner, Thurgauer Kantonalbank continues to foster economic growth and support the financial aspirations of its clients.
DitchCarbon Score
How does Thurgauer Kantonalbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Thurgauer Kantonalbank's score of 54 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thurgauer Kantonalbank's reported carbon emissions
In 2023, Thurgauer Kantonalbank (TKB) reported total carbon emissions of approximately 2,059,000 kg CO2e, comprising 283,000 kg CO2e from Scope 1, 742,000 kg CO2e from Scope 2, and 1,003,000 kg CO2e from Scope 3. This reflects a slight increase in Scope 1 emissions compared to 2022, where total emissions were about 2,132,000 kg CO2e, with Scope 1 at 259,000 kg CO2e, Scope 2 at 760,000 kg CO2e, and Scope 3 at 1,131,000 kg CO2e. TKB has set ambitious climate commitments, aiming for operational climate neutrality by 2025 for both Scope 1 and Scope 2 emissions. Additionally, the bank targets a 42% reduction in direct GHG emissions (Scope 1) by 2030, compared to 2022 levels. TKB is also committed to achieving "net zero" greenhouse gas emissions by 2050, in alignment with the Science Based Targets initiative. The bank's portfolio targets cover 74% of its total investment and lending by total assets as of FY2023, with required activities making up 34% and optional activities 42%. These initiatives demonstrate TKB's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 410,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 675,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,381,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Thurgauer Kantonalbank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
